Boris Johnson refused to bail out collapsed travel firm Thomas Cook. The company had asked the UK government for £150 million, which the UK prime minister refused due to the"moral hazard" it would cause for other firms at risk of collapse. The company warned earlier this year that Brexit had reduced demand among UK holidaymakers. The UK government has committed to repatriating an estimated 150,000 UK tourists at a cost of hundreds of millions of pounds.
Boris Johnson refused to bail out collapsed travel firm Thomas Cook. The company had asked the UK government for £150 million, which the UK prime minister refused due to the"moral hazard" it would cause for other firms at risk of collapse. The company warned earlier this year that Brexit had reduced demand among UK holidaymakers. The UK government has committed to repatriating an estimated 150,000 UK tourists at a cost of hundreds of millions of pounds.
Source: News Formal (newsformal.com)
You refused but you didn't come up with a plan b generally you can't help....
AdamBienkov Customers with ruined holidays can learn all about capitalism
AdamBienkov Mmm ......Boris Johnson and “ moralhazard” in the same sentence.
Thats good! They need to face there own mess not taxpayers
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